As a result, I owed each bank N$49,000, for a total outstanding amount of N$98,000. When I added the outstanding loans to my savings (N$98,000 + N$1,000), the total came to N$99,000. I am now wondering where the other N$1,000 is.
Last December, I took a loan of N$50,000 from FNB and another N$50,000 from Bank Windhoek, for a total of N$100,000. I used N$97,000 of this amount to purchase an asset, leaving me with N$3,000. I then decided to repay each bank N$1,000, using the remaining N$1,000 for my savings